# Fidelity Expands Its Dollar Token as Tether Moves Into Private Credit and Block Seeks a Bank Charter

Stablecoin supply stands at $310.96 billion with euro-denominated tokens under 1 percent of it, according to DeFiLlama and CoinDesk research.

- Published: 2026-09-10T05:53:21.186Z
- Canonical: https://polylog.news/crypto/2026-09-10/fidelity-expands-its-dollar-token-as-tether-moves-into-priva
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [CoinDesk](https://www.coindesk.com/business/2026/09/09/tether-pushes-into-private-credit-with-usd400-million-fund-with-fasanara), [crypto.news](https://crypto.news/fidelity-brings-fidd-stablecoin-to-on-chain-finance/), [CoinDesk (euro gap)](https://www.coindesk.com/coindesk-indices/2026/09/08/crypto-long-and-short-inside-the-300-to-1-onchain-gap-between-the-dollar-and-euro), [Bitcoin Magazine](https://bitcoinmagazine.com/news/block-applies-for-banking-charter)

Three moves this week show where the money layer is being built. Fidelity is expanding its $50 million FIDD stablecoin for institutional use, with dollar redemption, transfers on Ethereum and monthly reserve reviews. Tether is putting $400…

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